Rule Du Jour: Rule #68 - Get Rich Slowly (Patreon)

Investing Rule: The "Get Rich Slowly" Principle

IA Rule: Wealth gained rapidly without hardship is often lost just as quickly. True, lasting wealth is typically built gradually—through effort, setbacks, and resilience.

Explanation & Rationale:

• Easy Come, Easy Go
  Sudden wealth—whether from windfalls, lottery tickets, viral success, or lucky trades—often lacks the foundation of discipline, emotional control, and financial literacy to retain it. Without these, managing and preserving that wealth becomes difficult. This is why lottery winners and fast-money traders often go broke as fast as they got rich!

• Pain Builds Perspective
  Struggles and failures instill humility, risk awareness, and the ability to delay gratification. These traits are vital to navigating bear markets, controlling lifestyle creep, and resisting FOMO during bubbles. You NEVER FORGET a nasty Lesson! I call them scars, and I have many of them, hence I am writing my 100 rules of life!

• The "Get Poor in Between" Reality
  Many successful investors experience multiple massive drawdowns or failures before building enduring wealth. I have to stress, getting Poor in between is the best thing that can ever happen to you. The journey with loss and hardship makes for a better journey.... which serve as vital training grounds for building resilience and sharpening judgment. Some like to let it ride, I like to balance risk!

• Sustainable Wealth is Earned, Not Bestowed
  Sustainable wealth reflects a process—not just a result. Those who build wealth slowly through repeated efforts, learning, and adaptation tend to understand their edge and protect their capital.

Summary:

“If you get rich fast, you may get poor faster. Get rich slowly — and you’ll learn how to stay rich.” IA 2025

h/t Blazo for the inspiration today